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tv   FOX Business After the Bell  FOX Business  November 1, 2012 4:00pm-5:00pm EDT

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nicole: the competition is intense. david: netflix has pulled back a little bit also. it had a 10% gain yesterday based on karl icahn. the bells are ringing on wall street. look at that. all in the green. most of them, they are all of of 1% gain. that is good news all over the place. yesterday, there was a glitch getting the system back up and running. all the industries doing quite well. liz: how about the sectors perfect materials. pushing the etf's higher. the top holding in there include the freeport and dow chemicals. many of these names may be called upon to help with hurricane cindy.
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david: it is nice to know the coal stocks are still on fire. peabody was the best performer. this all begin to happen in the first debate. then the president tried to get in on the bandwagon as well. no matter who wins, they will be pushing coal harder than it has been over the last four years. that is a big boost. liz: and finally steal stocks. they responded to strong data. then we have data in china that help this sector. we had sales dynamics and u.s. steel, of course, as well. david: not a bad day at all. when the bell rings, the action really begins. we are just moments away from big releases. we have starbucks, linkedin and did we mention dreamworks.
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the stock is up more than 20%. liz: the third-quarter income more than quadrupled since last year. no wonder tupperware cannot contain its excitement. how are they doing as the ceo of tupperware joins us in a fox business exclusive. david: a tupperware party right here on after the bell. we will tell you what drove the market today. stocks pushing higher to date with all industries rally. materials, technology and industrials for two days top performers. utilities did leg a little bit. the prior week's figure was revised higher by 3,372,000. u.s. construction spending rose to its highest level in almost three years in september.
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spending rose 0.6%. liz: we have tim mulholland at the cme and brian of wells fargo financials. plus, robert gray ready to break in with earnings. first, let's start with tim. not bad at all. you have to admit it looked pretty healthy and good, especially after october. do you think that this november rally has legs? q it has been a good day following that tax related mutual fund selling that ended yesterday. we got into a good start. china coming of better. adp gains. lower jobless claims. optimism for tomorrow's
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employment report. it may turn into a rally in november. most importantly, we have the election coming up next week. david: him, stay where you are. we want to bring in brian. it was a surprising three digit gain on the dow and s&p. were you surprised and, specifically, leading into the huge jobs report that will affect the election and markets, as well, how do we prepare for that? >> i think what you have this afternoon is a little bit of a melt up and short covering going in. we spent the month of october consolidating. now that we are setting up for the election, i think you are seeing physicians squaring at this point in time. the fiscal cliff will be the big focal point. you had the new adp report. some positivity going into those numbers for the employment data
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tomorrow. big picture here, though, i don't think anyone will be a hero right now. you are looking at the earnings report the little but more negative. not a big surprise. we have to go out on a limb here. we still have election day. liz: starbucks numbers are out. they are higher. as we pull apart these numbers, we are looking for the revenue growth, we are looking at sales, same-store sales, we are seeing q4 same-store sales rising 6%. the stock is rising as well. las vegas sands is coming out as well. we can keep up the starbucks number here just to watch stop behavior. what are you expecting here. what do you need to hear from starbucks clinic let's face it,
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they have been executing very well. to the bottom they could see 20% eps gain. they are diversifying and how they can measure up against, you know, companies such as naked juice and pepsi and so forth. it is hard to argue with the execution. david: the last quarter was a big disappointment because of all the drop-off in sales from europe and china. every place where they have expanded into seemed to be slowing down. it appears, as we will have to sift through all the details, it appears that sector not very hard hit at least compared to the last four? >> i think that is a very good point. what they have done, a lot of things got hit after the last earnings report, but this one, it looks like it is pretty hard to argue with their topline
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growth. they execute their strategy. i think it is a positive outlier for this earnings season. liz: you have to watch out for the middle east, europe and russia segment. it was last quarter that they did miss and lowered their full year 2013 eps schedules and that certainly spooked at least some of the analysts. that is something i think the people will really be wondering about. i am just kind of searching here. you are looking for that particular region. operating losses i am seeing of 6.5 million. >> that is a very good point. it is hard to argue that, as well. again, i think the market maybe looking like like it is priced in and discounted. if you are able, that is what you are saying. that is a very good point you raise.
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david: specifics as they begin to settle. we are just getting back on our feet as far as trading is concerned. >> these are the numbers. the official release has not hit yet. forty-six cents per share coming in for the fiscal fourth quarter. that beats the average estimate. one of the reasons you are seeing the stock jumped is they are boosting their forecast for next year. only by a penny on the upper range. giving them a little more breathing room. it will now be two cents above the average analyst. they are now boosting their average dividend. by 24%. at the same time, standing by their expansion plans in the likes of china and other places. david: dividends is the key word, the magic word, these days when you are getting low returns on fixed income. could that be what is moving the
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stock quotes back on -- this stock is near the lower end of its 52 week range as well. returning shareholder value is a pretty good combo. liz: las vegas sands is also out. the stock was moving slightly lower. $46.46. the bid is 45.56. a slight move off of there. as you look at that, the third quarter, china limited third-quarter revenue. 1.64 billion. remember, china, that is a real sort of knee-jerk for anybody that watches these types of stocks. these gaining stocks. it already is a very large gaming center.
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somehow it will be a magic bullet for many of these companies when they see weaker financial and economic conditions here in the united states. david: brian, it is also a barometer of what is happening overseas although we are seeing different sides from starbucks. are you concerned we will continue to see a slowdown that may affect stocks that have big disclosure to china? >> no. the key is we are seeing it right now. you saw it echoed in the pmi report last night. we are seeing expansion in the manufacturing side. i think that is better will and better intentions for the fact of soft landing. i would go the other way with it. they are trying to engineer a soft landing. that will have a better picture.
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liz: tim, 85% of las vegas sands revenue coming from the asian region. does that number could do any clarity about how we go forward on the stock? >> it sure shows how they are focused. the competitor has not done so well. they have positioned themselves strongly. let's not forget that rebalancing their doing will really be consumer oriented. it looks like it could be a good strategy. the online gaming in the u.s., it is what is expected to be as hot as a $1 billion market. asia is 13th. if you are expecting a hard landing in china, i would probably not expect that on the other side. liz: thank you very much.
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we appreciate it. good perspective. david: new jersey to manhattan and beyond. the gas shortage is the latest sandy wall. they cannot top destinations out because of lack of energy. we are getting the latest from the head of new jersey gasoline and convenience auto association. liz: tupperware much more than storage containers. it looks like investors are starting to notice. the stock is up more than 18%. in just the last month. the ceo of tupperware joining us in a fox business exclusive. david: where will the candidates focus their energy during the home stretch. only a couple more days left. more on all of this to come.
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david: s&p futures are closing right now. let's go back to two mulholland at the cme. >> there is optimism coming into tomorrow's payroll numbers which will be the last one before the election. i think it is off to a good start. today it was -- david: good news. good way to end the day. liz: tim, we appreciate it. let's get to the floor of the new york stock exchange. it has been one heck of a rally. nicole: we had earnings that were decent. we had across-the-board gains. the conviction that we saw pretty good here today. pretty good way to kick off november. let's take a look at aig earnings. they are easily beating the street. coming in at a dollar versus the estimates of $0.86.
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we have headlines concerning what we are seeing with aig here in lower manhattan and their headquarters without power. also, just talking about hurricane sandy in the impact they may see going forward. aig said it is too early to provide estimates of financial impact because of sandy. this will be yet another wildcard. back to you. david: thank you. more than half of all gas stations in the new york city area and new jersey were shut down because of the pleated fuel supply and electricity. liz: we have somebody who does know. he is on the road right now, on the phone with us. thank you for calling in to help our viewers. what is the issue.
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why are we already running out of gasoline? >> basically, we have an electricity problem. i want to caution everybody and just reassure all of your listeners that this is not a supply shortage. there is plenty of supply. it is a problem getting supply from the distribution terminal to the customer's car. liz: hold onto that thought. let's get to robert and linkedin >> the stock is jumping seven dollars. if you look at the adjusted earnings, doubling the estimate. revenue also ahead of expectations. liz: thank you very much. we will have that stock.
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it is jumping. let's get back to sal. >> there is a problem getting delivery trucks to the terminals and, of course, there is problems getting delivery trucks on the roads to the gas stations. even many of the gas stations that do have gasolines and repair places open, gas stations are not in that is because they do not have any gas. they have electricity, but no gas and there are some stations that have gas, but no electricity. david: whatever the reason, tempers are running short. there are reports of fights breaking out. have you seen or heard of any of that? >> i have seen and heard and it
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is unfortunate. i can only say this, if people can just be patient for a few days there will be a couple of things that will happen simultaneously are related to electricity. as people's power comes on target home, there will be less of that demand and furious rushed to fuel gas cans to power home generators. that will alleviate some of the problems right on the spot. and as power comes online, many gas stations will be able to pump gasoline that they have into ground right now and that will help alleviate things. and, of course, as power comes online, many of the distribution centers will be able to learn the trucks to the gas stationn and have electricity. liz: we do say a couple of days,
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like today's or four days? >> i think you will start to see much of this alleviated by the end of the week and it certainly towards the middle of next week. there will still be outages and sordid years and there will be delays getting tankers into the gas station, mostly because it is north jersey paragraph hit the hardest with that outages at the terminal. south terminals seem to be okay. it is a matter of getting back gasoline pushed forward. the bigger problem is actually these diesel fuels. emergency squads, hospitals, big
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agencies, they need diesel fuel. david: one question about supply. you say the supplies are not the issue. landed, new jersey, where there are three refineries, very critical town in new jersey that focuses on refineries, the colonial pipeline runs through there, we understand they have had some problems as a result of the store. are you sure you will be able to get the supplies you need from the refineries and pipelines? >> the answer to your question is, it may not come from the refinery there, but the pipeline is expected to be back online within 48 hours. david: that is good news. >> that is good news. as long as they can get power so that the gas out of the pipeline can get to the delivery truck,
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then that will alleviate a large part of the problem. david: we have to leave it at that. thank you very much for coming on. we appreciate it. liz: there is no gasoline and bergen county. the final push of the campaign is on. swing state ohio a big focus. or the 90,000 people are without power. kanebo quickstart what is the plan there. we are live in washington. ♪ follow the wings. [ male announcer ] do you have the legal protection you need? at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate
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david: either good news for bad news depending how you look at it. campaigning is back in full swing. with two days left vision gets cloudy. liz: did superstorm sandy already cast her vote? rich edson in washington,
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d.c. how do you cast that election. >> sandy carve ad path in states mostly decided president obama is well ahead in connecticut, new jersey and. some officials say sandy interrupted absentee voting in number of place although the state says there will be no problems on election day. ohio polling is in margin of error and there are pouter outages. election officials say there is currently power at all voting locations. they say early voting is moving smoothly. both candidates are in the buckeye states state with a full day of campaigning today. >> got anxious and attacking me day in and day out. attacking me does not create an dend today for him. we have a plan to get the economy going. >> what the governor is offering sure ain't changed. giving more power back to the biggest banks isn't change. leaving millions without health insurance isn't
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change. another five trillion dollar tax cut that favors the wealthy isn't change. >> they are pitching their closing arguments for president obama, a theme of economic progress and that he needs more time to finish the job. for governor romney, argue the administration fumbled economy and urged voters to elect a businessman who knows how to fix it. david and liz, back to you. >> rich edson, thank you so much. david: forget about the sluggish economy. we have the ceo of one company that has been booming for five straight years. catamaran ceo will share the secret to his company's amazing success straight ahead. liz: amazing success? look at this right here in our studio. you're watching the tupperware ceo, exclusively with the companies products to use. he can cook too? he will tell us why his stock has been soaring over the last three months and frankly over the past couple years. hi, rick. bob...
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at your local mercedes-benz dealer. david: it is time for a look at today's market drivers. stocks ending the day in the green with all three major indices posting gains of more than one percent. best day for the dow and s&p since september 13th. materials and technology were the best performing sectors while utilities lagged a bit. private sector jobs increased by 158,000 according to adp. this is the firm's first report since making major changes to its survey. under the new system, september added only 88,200. this is nearly half the old estimate of 16 it,000 job did, 162,000 jobs gained. manufacturing activity was at highest level in five months in october. the manufacturing index climbing to 51.7 as orders and production rose.
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liz, over to you. >> okay, thank you. this guy is the only one who can get me in the kitchen, let's put it that way. tupperware, more than just plastic containers and investors have taken notice. look at the stock. tupperware stock over the past three months up over 21% and their third quarter income more than quadrupled year-over-year. they beat on the top and bottom line when they released numbers last week. joining me in fox business exclusive, rick goings of tupperware brands. most important all of this stuff does not need electricity to run. most of the companies you sell to don't have electricity that is reliable, correct? >> true. i was in india last week. half the women in india have no electric power or fresh potable water. when you enable her by putting a product together that saves her time, it changes her life. liz: well wit is just amazing you can do all of this stuff. look at their emerging market sales.
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66% of the total sales. you're huge in india. you just got back. what did you see? >> now we've grown, took us about five years to start breaking even. five years to get to scale. now we have 180,000 women w so they're moving from the lower class to the middle class, to leadership. it's, it's having a dramatic impact. liz: do they have tupperware parties it sell all of this stuff? >> yeah. it is a little different twist. many don't have places where they live are big enough to have six to eight of their friends. they do it outside under tents. liz: they do it outside. that is interesting. you do it in 100 countries. i'm sure that is repeated elsewhere. >> yeah. liz: let's talk about some of the products. this is a storm story. none of this really needs electricity. so show us. >> that is what changed so much, when people used to think aboutp apple. you used to think about computers. now when you think of apple you think about all the products they're n same with us. food storage is only a third of our business. here, quickly this is if
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you're going to be competent in the kitchen this --. liz: notice how he says as. >> going to be there is some hope there. i will make, by this, a little gespacho put in onions, cucumbers and sellry. liz: i like it spicy. >> interesting. i can sit there with this product here. liz: and this is called what? >> quick chopper. liz: tight shot. >> every time i pull this is equals 100 cuts of a knife. so all of a sudden i've got this where it is a lot different and all i have to add is a little tomato juice, to it. put one more there. you like it spicy? liz: yeah, yeah. >> this is little chipolte. liz: tabasco. >> tabasco. they said use two. i will use five. liz: tabasco from new iberia, louisiana, where the eye of hurricane andrew went over back in the day. >> there is hot sauce,
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tabasco sauce. i do this. it makes it. if i can ever get the top on. this is it. liz: looks like a thing my generator has in case it is not working. >> every pull is, look what happens. what is greater who. i will give it to the cameraman. liz: perfect. >> in a minute. there is gespacho. liz: fresh and beautiful. >> but, but, i could take that same, put a little celery in it and a little vodka,. liz: okay. >> you've had a bad night. no power, make bloody marries. liz: these hot products all look good but what is your number one selling product? i would imagine you might get a bump at least in north america where sales are coming down 3%, mostly, established and developed markets for storage of food at a time when people don't have electricity? >> yeah. it is interesting. we've had a lot of, given what happened the devastation up here with the tsunamis in end niche. we had a lot of experience -- indonesia.
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what people want is basics, water. hottest selling product in the world is a water bottles, particularly china, india, indonesia which are 40% of the world's population. unlike these pet water bottles --. liz: which people three away. >> 1100 years before they disintegrate, guaranteed for life. they will replace it with those. very basic countries to high-tech n france, number one selling product, this turns a microwave oven into a steam oven which in steel oven costs $2500. this costs $140. liz: steams it right up. >> steams it. liz: an important point to be made they found a shipwrecked ship that was submerged in it two two chocolate chip cookies? sealed tupperware. five years it was submerged and cook which is -- cookies were still soft. >> i ate one of them. liz: you're still here today. the numbers up 21 percent
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the past three months. we wish you luck. you're going into emerging markets and pushing tupperware. who would have thought. >> good to see. >> come back anytime. rick goings, the ceo of tupperware which there is a storm story attached right here exclusively on fox business. david, save some of this for you. david: love that company. we love growing companies. catamaran was actually ranked fastest growing business in 2011. today the stock popped 8% on earnings news. the company's spectacular success comes from tackling the pricing mess in health care. find out what that secret is and why the company is getting a pop today from an exclusive interview with mark thierer, catamaran ceo. that's coming next. ♪
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>> i'm robert gray with your
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fox business brief. there was a bullish tone on wall street today as investors cheer ad round of better than expected reports on the u.s. economy. check out the green arrows across the board. dreamworks posted strong third quarter results after the bell driven by a solid performance by madagascar iii. earnings per share topping expectations by 18 cents. revenue higher than expected at 186.3 million bucks. some good news for verizon customers in the wake of superstorm sandy. the company suspending late fees for customers who might have incurred them during the storm as well as during the recovery period. verizon will also be deploying mobile communications centers and stores on wheels to the areas hit the hardest. customers in those areas can go to the local verizon stores to charge the devices and make domestic calls free of choice. that is the latest from fox business, giving you the power to prosper
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david: if you haven't heard
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of catamaran you're missing quite a bit. not because its five-year stock chart is pretty much a straight upward line through the past five crazy years. not just because today its stock jumped another 8% on earnings news. not just because it was the fastest growing company in 2011. but this company has also pine feared a -- pioneered a process dealing with health care and pricing that simplified life for all of us. mark thierer, the chairman and ceo of catamaran corporation. he joins us in a fox business exclusive. mark, first of all congrats today. it wasn't so much the numbers. it was the news in fact you signed a deal with target. how much will that mean for the company? >> well, this deal with target was really huge for us on a number of levels. first and fores most target as you know is a national employer and a leader and innovator in employee benefits. so for us, through our new merged company, catamaran we're taking our new business model up market. this is big endorsement for
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us. winning an account like target will be important for us this next coming year. david: before we go any further, mark, forgive me for interrupting. maybe we should tell what catamaran does. >> catamaran is pharmacy benefit manager. large employers like target or health plans. companies that need to manage prescription drug spending. we're in the business to retain or take costs out of the system for prescription drugs and at the same time provide better health care to their membership. david: so bottom line is, every time i go to the pharmacy or millions of other americans do and give the pharmacist my card and he swipes it and tells me exactly how much i have to pay out-of-pocket, the pricing mechanism is so quick because of what you do, correct? >> well, you've nailed it. in fact, the pbm industry is the really only part of the entire health care system that is online and real time. so it is not just the financial edits. it is clinical edits.
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it is everything that surrounds the pharmacy claim to make sure you will not have a misadventure either financially and more importantly clinically. david: the mess upof our health care system is pricing. that is key number one. you have all the miffed dill men between the provider and patient. what you have done is limit that space so the patient immediately gets an answer to how much something costs. is this a pricing model that could be used for things other than pharmacies? >> well in fact you're seeing it happen in health care for broadly. electronic health records are trying to automate the process of providing care in the outpatient setting. in pharmacy our job is really to work with the supply chain, the pharmaceutical manufacturers, the biotech manufacturers, negotiate pricing on behalf of our plan sponsors, our employers and health plans and push the better pricing back through to the member. you're seeing this kind of the a model start to proliferate through the rest of health care as well. david: does public health policy specifically obamacare, affect your
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business model at all, whether we keep it or revise it as per somebody who may become president next week? >> well, the affordable care act did put in place a mechanism where 25 to maybe 30 million people will be coming into the health system in 2014 or sometime thereafter. so we do think that is very good for our business. and obviously the funding mechanisms will be through state and federal insurance exchanges. so someone will need to be in the business of helping to contain those costs. my own feeling is regardless who becomes president we will have some kind of health care reform and these people will receive benefits and we think catamaran is well-positioned to help them. david: let's put up the 5-year chart if we can because i just want to note the spectacular rise and success you've had in the stock does seem to coincide with the new medicaid part-d,
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the new prescription drug program. is that a coincidence? >> it is not a coincidence. medicare part-d was introduced in 2006. since that time, our company, catamaran has been a major player behind the scenes providing infrastructure to help process the prescriptions for the medicare part-d or the senior program in the united states. it's now a very successful program and our technology is actually touching one out of three medicare part-d prescriptions throughout the united states. david: well and the stock had a 8% bump today. a lot of mutual funds are including the stock in their portfolio. mark thierer, spectacular success. congratulations, ceo of catamaran. thanks for coming on. i appreciate it. >> thanks for having me. david: absolutely. >> how far would you travel, david, for extra cash? we'll tell you which country is paying its citizens to move out and why. david: couldn't pay me a million dollars to leave this wonderful city of new york. plus one major commuter town in the tri-state area has come to a halt as hundreds are stranded in their homes. jeff flock is live on the
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scene. jeff? >> looking live at the national guard as they load supplies to take it out to the people who are stranded here in hoboken, new jersey. just across the hudson live. you will see it happen here on the fox business network. stay tuned. i'm a conservative investor.
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david: the snags guard is in hoboken new jersey bringing relief to residents trapped by extensive flooding there. liz: the timing is perfect. we saw the truck being loaded with the tease. you're in hoboken with the latest. tell us why and what is going on there? >> still loading. i'll tell you it is a tremendous community event. so many volunteers come out to help. seeing national guard trucks, in, volunteers coming from the community. frank comes on over, you see, as you saw earlier in the day these fraternity guys from stevens institute are now getting a briefing. frank come on around here. you see the director of public safety giving them a
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briefing what they will do next. they have been taking food to people that can't get out. maybe folks trapped in their homes, not trapped but unable to be mobile. it is great to see this kind of thing come together in hoboken which was so surprised by this whole, you know, this whole turn of events. who would have guessed you would have a hurricane in hoboken. i want to show you something else before we get away. we'll come back this way. everybody in the community coming, gathering around city hall. this is the city hall building here. here you see, information about what is going to happen when. restoration of power. where you can get water. how your garage will be picked up. where you can get changing stations and medical attention. the shelters you can go to. they have really pulled it together pretty quick here. i've seen a lot of aftermaths of hurricanes. give these guy as lot of credit, without a lot of experience with a storm like this. liz: just down the block from you, for people who are
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not in the area you may know of carlo's bakery from the cake boss is there. >> right across. there it is. right across the street. right by, as the bus clears you will see it. >> there is huge long line. are they even open? >> they're not open, unfortunately. liz: exactly why. there is line for the red velvet cupcakes. david: take care of the basics first. a great story how the community is coming together. you multiply that hundreds of times by all the communities who have been affected because we are coming together and getting things back to normal. thank you, jeff. >> pretty nice to see. david: it is. >> thanks, guys. liz: thanks to the national guard. these guys have families of their own. they live in the region. they may have sustained damage. all first-responders and people in the military helping, our thanks to them. david: imagine the situation where houses burned down. not one death. as tragic as those houses
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burning to the ground not one death with first-responders working despite the hurricane. liz: the october jobs report out ahead after the bell tomorrow. it is a report you can not afford to miss. we have tomorrow's trades today next. david: speaking of jobs, one country has an unusual solution to their high unemployment. they're paying the unemployed to leave the country. how will that work out? details when we go off the desk. that's next many of my patients still clean their dentures with toothpaste. but they have to use special care in keeping the denture clean.
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liz: let's take you off the desk. would you leave at home to work abroad? here is some incentives. sweden's national employment office and local authorities are paying jobless youth to move away to norway in teams to reduce unemployment rates. david: they could move them to north dakota if they wanted to. anybody between 18 ant 28 can volunteer what they're calling a job journey to norway. apparently norway is fine. package deal is free guidance for a month. -- free rent for a month and guidance how to find a job. one00 people have taken the offer. melissa: due a massive drop in aircraft order orders. economists predict a rebound this time around with orders rising 4.4%. david: of course you knew this the number one thing to watch tomorrow the october jobs report. this will be the last major piece of economic data before the election next week and what a major piece of data it is.

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